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through economic growth, if you grew at 4% a year, reagan levels, instead of 2%, french levels or obama levels, you would net $5 trillion in additional revenue to the government, you could pay down all of obama's additional debt by higher levels of growth, not raising taxes. so there's a lot of money to be gotten from growth. how they do this, we have to see it written down, but because the obama administration and spokesmen have been so emphatic about all taxes and no spending restraint, all taxes and actually spend -- another stimulus, another solyndra stimulus program -- >> i don't think they've mentioned solyndra, grover, but i'm sure they appreciate your mentioning of it. >> they didn't? the whole idea of additional spending rather than spending restrictions -- they could save money by not continuing world war ii as well. so the obama administration is so far out there, that what the republicans are doing is pointing out how reasonable they are, taking bowles' idea, i see he's playing democrat partisan today -- >> part of that is actually putting revenue on the table which speaker
obama has been working on a climate plan, and lou dobbs helps us look at how widely this likely this is and whether there are alternatives after the break. >> this is why more than anything else obama needs to be defeated and these people need t to be thrown out of office [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihistamine to relieve your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] can't find theraflu? try alka-seltzer plus for fast, liquid, cold, and flu relief. megyn: as washington fights over taxes and spending, it dominates the headlines and we are getting a report on the potential climate deal that could have an impact on our economy. talks are going on about a climate treaty that could supersede current u.s. laws in some ways and im
players, president obama and house speaker john boehner. joining me for our daily fix, nbc's david gregory moderator of "meet the press" and chris cizilla, msnbc contributor and managing editor of post politics.com. david, you've been on the hill talking to a lot of people. what is your sense? we hear john boehner saying no progress. >> right. >> is this all just a lot of shadow boxing right now? >> i think it's a lot of shadow boxing. i've gotten a clear impression of is that republicans are in a position to give on tax rates, if, and i keep underlining a big if, if they can get the white house to deal on entitlements. they have to get something for their members. enough public sentiment saying give up on the tax breaks to get a bigger deal. the president could muscle through the tax rates on his own. risks on his side. why not force him into a position where they can get sort of a bigger deal. here's what i thought was important. republicans saying to me that, you know, last july when we had the debt debacle, the feeling was don't give the president a success, don't give him a big victor
the unemployment rate to remain at 7.9%. >>> president obama says this northern virginia couple is proof that lawmakers must come to an agreement on a budget deal by the end of the year. he met with tiffany and richard santana yesterday. living with tiffany's parents to help make ends meet. she wrote about her struggles to the white house as part of a social media campaign. >> we live with an extended family. we have two sets of adult incomes in our home. it would be more like a $4,000 tax increase for us, which would be relatively devastating for our family. i wanted to share that with the white house. i wasn't sure i was going to get a response, but i did want to at least make my voice heard. >> president obama says he'll only sign off on a budget deal that includes a tax hike for the wealthiest americans. republicans say they want to generate additional tax revenue by closing tax loopholes and eliminating some deductns. >>> the budget stalemate is taking its toll on maryland and virginia's governments. in maryland, state leaders say they can't make decisions on budget plans until they
. >> our problem with president obama isn't that he is a bad person. our problem is that he is a bad president. [cheers] >> bill: factor exclusive senator marco rubio in his first post election interview. he is now emerging as one of the leaders of the republic party. also tonight, dennis miller on paying higher taxes. and charlie brown kicked to the cush -- curb in arkansas by a pastor. >> everything i do turns into a disaster. >> oh, good grief. >> bill: caution, you are about to enter the no spin zone, the factor begins right now. >> bill: hi, i'm bill o'reilly. thanks for watching us tonight. no talking points memo this evening because we have two very important interviews to conduct here. in just a few moments senator marco rubio in first post election chat and boy do i have some questions for him. first the lead story, bob costas as we reported last night the nbc sportscaster has created a storm of confusion. last sunday night during a national football game, he delivered a commentary at halftime condemning what he calls the gun culture in america. some folks got angry because
. >>> over in the united states, president barack obama is urging republicans to approve a tax hike on the wealthy. he says this is needed to avert the impending fiscal cliff of automatic austerity measures that could drag the economy into recession. obama said on wednesday that federal revenues will not reach the level needed to implement his proposals to cut the deficit unless taxes are raid on the wealthy. >> there is a bottom-line amount of revenue that is required in order for us to get a real, meaningful deficit reduction plan. >> obama added that if republican officials acknowledged this reality, the actual numbers proposed by each party are not that far apart. republicans have made a counteroffer. they want to raise revenue by reviewing the current tax deduke system. house speaker john boehner has urged the president to compromise. >> our members believe strongly that raising tax rates will hurt the economy. now we need a response from the white house. >> unless the two sides reach an agreement by the end of this year, the automatic tax increases and spending cuts will take
speaker was so angry he dropped an f-bomb. >> i was flabbergasted. for more on obama's plan let's go to dj mcpaw-paw mcwhiskers. >> that was amazing. he can really spin. you pay $35 to get him to show up. dan, when was the last time you were flabbergasted? isn't it hard to be flabbergasted? >> every time i read the business section. up and down i have so many stocks and stuff. >> say mutual funds. >> mutual funds and numbers. numbers. >> let me ask you, terry, is obama overreaching here? there is no reason to over reach here. except to beat the republicans. >> the got, their leadership they are damned if they do, damned if they don't. i know it sounds bad, walk away. you know what, walk away because you voted for him. this is what you want. this is what you get. the only way things will change in america is if there is national pain or sacrifice where people go, oh this isn't the way to do it. by the way, before you say the walk away trot out marco rubio and you can say this is what you wanted. talk to me in a couple years. >> how can you walk away? doesn't the whole country suffer if we g
. their taxes could sky rocket if congress and president obama don't reach an agreement on a budget by the end of the year. the white house has highlighted several middle class families' struggles in making the case for a deal. >>> in syria tensioned at a boiling point between rebels and the government. syrian rebels have declared damascus international airport a military target, warning civilians and airlines not to approach it. this comes as reports of the government preparing to use chemical weapons on the civilians there. since march of 2011, 40,000 people have been killed in the country's civil war. >>> a u.s. capitol police officer is in the hospital this morning after being hit by a car. this happened around 8:30 last night around massachusetts avenue in northeast washington. we're told the officer was hit during a traffic stop. her condition has not been released. so far no charges have been filed against the driver. >>> a video posted online is sparking an investigation of a metro bus driver. check it out. this video appears to show the driver holding and possibly even reading a newsp
the story, what happened. jon: congressman rogers is not convinced. he suggests that someone in the obama administration simply try to change the story. >> it really is beyond the talking points and susan rice. it was a political narrative designed not around what the intelligence said, but what about the best politics were for them. jon: joining us now to help break this down is bret baier. the interesting thing in one of those sound like i'm jim -- the interesting thing in one of those sound bites is what she should have talked about on morning television. reporter: yes, senator rogers and senator feinstein both pointed to this. they were looking for western targets and they were looking to strike out. there were a number of different incidents and indications that that was going to happen, including cables sent by ambassador chris stevens himself. the security was deteriorating by the day. one that we know was just hours before he was murdered on september 11. chairman rogers is saying that the talking points that ambassador rice went beyond the talking points. and that is exactly what
and sarin. president obama said any attempt by syria to use chemical weapons against its own people will be met with consequence. >> and new developments in north korea as a planned rocket launch. the test fire was scheduled sometime on monday, but north korea's state media says scientists are seriously considering adjusting the time frame. meanwhile the u.s. is deploying warships to the region to monitor the situation there. north korea maintains it is just trying to put a satellite into orbit, but the u.s. says it is a cover for testing ballistic missal technology. >>> one week after a murder-suicide involving the kansas city chiefs player more sad news rocking the nfl. dallas cowboys ease nose tackle josh brent under arrest after a car crash that killed his teammate jerry brown. brown was just 25 years old. he was a member of the cowboys' practice squad. dominique is live in l.a. with the latest. dominique? >> hi, rick. jerry brown was a practice squad line backer. he was killed in the one-car accident around 2:20 in the morning in the dallas suburb of irving. his teammate josh b
draging on and on with little to show for it. in a weekly address, president obama saying he will not budge on his call to raise taxes on the wealthy. >> if we are serious about protecting middle-class families we're going ask the wealthiest americans to pay higher tax rates. that is one principle i won't compromise on. >> gregg: republicans sticking to their guns saying raising taxes is not the answer. here is florida senator marco rubio giving the g.o.p. weekly address. >> we must get the national debt under control. tax increases will not solve our $16 trillion debt. only economic growth and reform and entitlement programs will help the debt. >> gregg: time is running out. they have to go into effect january 1st is a budget deal is not reached before then but going over the cliff will it be that bad and rein in the spending and protect our children's future. let's talk about it with jamie weinstein, senior editor of daily caller. first. i looked it up the third debate president obama boldly promised, i'll quote him, sequestration will not happen. couple days later in an in
. meanwhile, president obama says a northern virginia family is proof that a deal must get done before the end of the year. he met with tiffany and richard santana yesterday. the middle class couple is living with tiffany's parents to help make ends meet. she wrote about her struggles to the white house as part of a social media campaign. >> at first it was just that white house.gov was going to come and get a little more information about our story, and we really thought it was going to be that, just white house.gov coverage. as the days went on, we understood that that senior white house officials was the white house official. so it was pretty exciting for us. >> president obama and lawmakers now have less than four weeks to reach a deal to avoid steep tax hikes and spending cuts from taking effect. >>> 4:34 now. melissa mollet is at the live desk with breaking news. good morning, melissa. >> good morning. sirens are going off. a tsunami warning in japan. take a look at this video we just got into the newsroom. the 7.2 magnitude earthquake has hit off the northern coast. you can see that tra
security threat for the obama administration as they begin their second term. >> reporter: cha says this is a problem president obama cannot afford to ignore. a test could send a missile over u.s. allies, including japan and those in southeast asia, creating a major security risk drawing them and the u.s. into a potential conflict. rebecca. >> anna werner, thank you. now to egypt. president mohamed morsi said tonight the country will vote december 15 on a new constitution. the draft document and the president's new powers brought egyptians back to the streets today. holly williams is in cairo tonight, and good evening to you, holly. >> reporter: good evening. well, tens of thousands of president morsi's supporters took to the streets today, but it follows days of protests by his opponents, who accuse mr. morsi of behaving like a dictator. last week, the president gave himself broad new powers that he says he needs until egypt has a new democratic constitution. the panel writing that constitution rushed to finish a final draft on friday working through the night. but the panel is dom
of the structures. >>> u.s. president barack obama is telling syrian leader bashar al assad to think twice before using chemical weapons in the country's civil war. he suggests resorting to weapons of mass destruction could force the american military to take action. >> the use of chemical weapons is and would be totally unacceptable. and if you make the tragic mistake of using these weapons, there will be consequences and you will be held accountable. >> secretary of state hillary clinton echoed obama's words. she says the use of chemical weapons is a red line for the u.s. she warned her country would certainly plan to take action should that happen. foreign ministry spokespersons in syria have responded to clinton and obama. they say even if such weapons were available the assad administration would not use them under any circumstances against the syrian people. >>> aid workers from the united nations and the european union continue to provide humanitarian services even after u.n. cease-fire monitors withdrew from syria in august. now officials have decided to withdraw their remaining personnel
by a video of a detroit city councilwoman who calls on president obama to bail out her cash-strapped city for payback for their votes. >> after the election of jimmy carter, he went to washington, d.c., he came back with some bacon. that's what you do. our people in an overwhelming way supported the reelection of this president and there ought to be a quid pro quo and you ought to exercise leadership -- of course not just that, but why not. martha: you have got to bring home the bacon according to that councilwoman. many cities and state are in the same situation. will they make the same request of the president and washington? stuart, what do you think about that piece of tape there? >> finally it has been said in public. the detroit city councilmember saying publicly we deserve a bailout. detroi indeed vote overwhelmingly for president obama. 73% of the vote went for president obama. detroit will probably run out of money within days. the word bankruptcy is being applied to the city of detroit. she says there ought to be a quid pro quo, why not. she is publicly calling for what amounts
about solving this problem. >> but of course, it takes two to tango, so where does president obama stand? >> we can probably solve this in about a week. it's not that tough. >> it's not that tough. he's absolutely right about that. but we heard early this evening that the president and speaker boehner did speak late today on the phone, so that's good news, but in this case, they need face time. they need to spend real time face to face. even democrats think the president needs to do more in person work on this. >> the president is not somebody who he's prioritizing evenings with his family instead of going down and having a bourbon on the rocks with some of the congressional folks. >> sometimes though, you need to do to bourbon like when the country needs you. bourbon, beer, wine, whatever, after a couple of drinks, the president and boehner could you know, pull a simpson. >> the lasso again, then the horse. the cowboys ride. the cowboys. >> that's the special beer that you would drink to get you to dance the gangnam style. president obama and john boehner did the gangnam style, your app
in the latest job numbers. >>> plus, president obama's top strategist as you've never seen him before. >>> and during this hour, a member of the cnn team is ready to up the ante and reach for his own shaving cream. i'm wolf blitzer. you're in "the situation room." >>> this is cnn breaking news. >> let's get right to the breaking news. the united states supreme court has agreed to decide a pair of cases that could determine the future of gay marriage throughout the entire united states. at issue is the federal government defense of marriage act that defines marriage as only the union between a man and woman and california's proposition 8 which banned gay marriage was overturned by an appeals court. cnn's crime and justice correspondent joe johns has been following both cases for us. joe, explain the impact of today's decision. >> well, it is big impact. as you know, this is one of those cases that people talk about over the water cooler. let's start with proposition 8. very simple, wolf, it is the california ballot initiative passed in 2008 by the people of the state of california that
met with president obama recently. they talked about security and the economy which is important obviously for the trade relationship between the two nations. president obama's focus is job creation and that's nieto's focus here. the economy will grow faster here than in brazil. but job growth is not what mexicans are hoping for and salaries are stagnant . so it is it a problem to deal with immediately. just looking ahead. what is this president said will be his first act of order tomorrow. when we wake up tomorrow we'll we have more protest and thatwhat will be the reaction be? >> he used his inauguration to out line 13 points of a plan of action. i am not which he would attack first. security and economy are numbers one and two. he mentioned a crime prevention program as well as a number of different hand outs to populations that are in need . he's got a lot on his plate tomorrow as sure. >> you have been there several days and today whampt is your impression of people there and their hopefulness? li would say that many peopline those who did not vote for him and that was 62 pe
have been reported at san jose airport since 2009. >>> president obama is expected to announce his nominees for secretaries of state and defense. that is according to our white house sources. reportedly former republican senator chuck hague l is on the short list of possible choices for secretary of defense. replacing leon panetta who is stepping down. another top contender senator john kerry. he is also looking at john kerry for a possible secretary of state. or he may go with susan rice the u.s. ambassador to the united nations. president obama meets with two very different groups. both have concerns about the fiscal cliff conference. and remember he meets with them top ceo's. coming up the one issue where president obama is refusing to budge in those fiscal cliff negotiations. >>> right now 5:07. we want to check back in with tara who is in for sal. definitely wet roads out there. >> reporter: we do have an accident to report. this is a big rig verses a small pickup truck and an ambulance is on the way. we understand there are injuries involved. here it is right here. 880 northb
will be impacted. but citi says the changes will help save money this year and more in 2013. >>> president obama is expected to announce his nominees for secretary of defense and secretary of state. that's according to white house sources. reportedly, former republican senator, chuck hagel is on the short list for secretary of defense to replace leon panetta who is stepping down. another top contender, john kerry. but the president is also considering to replace hillary clinton with john considerry. susan rice for the united nations, she is still facing opposition because of statements she made about the libyan attack. >>> president obama is meeting with two different groups today. both have concerns about the fiscal cliff crisis. he will lead with the ceos of business leaders and then later, he will meet with native- american tribal leaders. the one issue where he's refusing to budge in fiscal cliff issues. >>> the voters passed prop 30, which raises taxes on people who earn more than $250,000 a year. it also increases the sales tax. well, the ucla and der son forecast says because of prop 30 -
the way. this is a two man deal now president obama and the house speaker john boehner. at least publicly john boehner is not sounding confident. >> he is not. he was very pessimistic and came out and told reporters is he still frustrated that president obama has not responded with some sort of a counter proposal to the republic debt plan that was put on the table. he basically is saying that these talks are still going nowhere. this isn't a progress report because there is no progress to report. when it comes to the fiscal cliff that's threatening our economy and threatening jobs. the white house has wasted another week. >> one sign of optimism is when he was pressed by a reporter about tax rates, he seemed to leave the door open about some flexibility of negotiating with the white house. vice president biden said while rates have to go up it's negotiable what exact rate it is. whether it goes all the way up to the top rate to 39.6 like the clinton days. it seems like there is wiggle room on both sides. that may be where we get a deal if these two sides get together next week, shep. >> s
be no forgiveness. >> fair point. imogen should psy be dropped from the concert and should the obamas not attend if he is not dropped, and should they be impeached either way? >> in this context you are absolutely right. it was democracy in the late 80s and now they go over the top with protest. as far as the iraq thing goes it was controversial and all-around the world, let's face it. there was another protest as well that he was having a go about -- sorry i am losing -- i was talking to hannity this evening. >> the point being who can hate somebody who told the new york times his favorite hobby was drinking and knocked justin bieber off youtube? he is not that bad. >> he does his own choreography. >> this is my point, anti-americannism is fashion. he is a dirt bag, let's admit it. >> he was covered in gold paint and in a tank -- >> you can be the fashion around the world is being anti-american. >> that's because the u.s. military had driven over two 14-year-old south korean girls. they were not punished. >> well they went through the proper proceedings. >> and they got away with it. >> it was
to you. >> thank you. >>> another big story, avoiding the fiscal cliff. president obama visited a middle class family in fairfax county to pitch his fiscal plan. that is because the average family will see taxes increase $2200 if congress doesn't take action by the end of the year. the president touted the benefits of extending tax breaks on those making $250,000 a year or less while continuing to push for rate increases on wealthier americans. >>> three, two, one! >> very busy for the president. he also put aside the partisan fight over that fiscal cliff for a time last night. joining the rest of the first family in lighting the national christmas tree on the ellipse. this marked the 90th year for the tree lighting ceremony. so pretty to watch and see that. >> you got to at least go down, drive by or something at some point. >> it is fun. >>> u.s. military ships on the move as north korea gets set to launch a rocket. we've got details next. >>> one police department is calling it one of the worst cases of child abuse they have ever investigated. details of an arrest at a day care center
? they attack him. for the entire campaign all we heard about was how obama wanted to cut medicare. so which is it? i it he cut too much or he doesn't cut anything? and where is there offer? if they say they are the party of cutting spending stop talking about the democrats, make an offer. >> mitch mcconnell is out there every single day saying these are the entitlement changes that i think make sense and would get us to a deal. raising the retirement age, dealing with change the inflation formula so the programs aren't spending so much out over time. if president obama is interested in reforming entitlements which he says he is but he never specifies what it would be. all he has to do is call up mitch mcconnell and say i think these are good ideas, let's sit down and they would happen. republicans would take those immediately. >> that's how you think republicans should lead, they should wait for a call from the president? not go on tv but make an actual offer? >> specific changes on entitlements. if the president is in favor of changing entitlements, all he has to do is say i agree these ar
melissa: rally mode. i am melissa francis. lori: i am lori rothman. president obama telling business leaders he is cheering for their success. tax hikes for the wealthy saying there will be no deal without tax rate increases. melissa: 11,000 now out of work at citi. slashing jobs taking a billion dollars charge as it repositioned oppositions. charlie gasparino tells us it is even more cuts are on the way. lori: new warnings and ethanol blended gasoline. joining us on whether you should be worried about what you put into your gas tank. let's get up to speed, back the floor of the new york stock exchange and nicole petallides. economic data on the service industry. nicole: looking good, lori and melissa. up 125 points. after two days of selling we are seeing some market action to the upside. we are above the 13,000 mark, well above that. 13,076. the nasdaq squeezing it out. concern for apple, but financials are doing well. let's take a look at the group. laying off 11,000 workers, that is the plan. a new ceo in place and he wants to make his mark. up 6.5%. it is under pressure
is about to get more help from the federal government for sandy cleanup. president obama has declared a major disaster in d.c., ordering federal aid to supplement recovery efforts in areas affected by the massive storm. the declaration opens up more long-term federal aid. >> time for weather and traffic on the 1s. did you feel the cold as soon as you stepped out? >> how could you not feel it? it was obvious. let's go to tom. >> just 36 hours ago, i saw people jogging in shorts and t-shirts. it was around 7 0 degrees. now it's down below freezing. most of the region, all these areas in blue, west virginia, virginia, maryland, eastern shore in the 20s this morning. reagan national is at 35. and it's a little bit above freezing on the potomac near the bay. we've got a clear sky. a few whispy high clouds coming in from the north and west. here is your four-day forecast. afternoon highs today into the mid 40s with lots of sunshine and a light wind. and then tomorrow, we'll have a lot of cloudiness around. cold start, afternoon highs near 50 and a small chance of sprinkles and light rain. s
obama ite squeezing the grip of the bashar al-assad's regime's control all over syria, jon. >> reporter: conor powell live in jerusalem. we will have a lot more on the crisis rocking syria and the very real concerns about chemical weapons there. ambassador john bolton will weigh in on that when he joins us just a few minutes from now. jenna: growing concerns not only in syria, but in egypt and the violence there a day after angry protestors force the president, president morsi to leave the presidential palace. now he's back, and the stage is set for a new confrontation. we are going to talk about what this all means for us here at home. plus, the tv show that got this guy so fired up cops say he shot his girlfriend. well now he's charged with attempted murder. we'll tell you more about that story next. [ male announcer ] are you considering a new medicare plan? then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whatever your health coverage needs, unitedhealthcare can help you find the right plan. are you looking for something nice and e
do. >> welcome back. a cabinet shake-up. new reports that president obama is closer to naming new members among the decisions, is who will replace secretary of state hillary clinton. will it be u.n. ambassador susan rice or john kerry? >> well, for defense secretary who will it be? senator john kerry possible for that. and of course the vietnam vet later turned against the war and raises a huge red flag in the near future and the veterans for america join us now, hi, pete. >> thanks for having he me. >> read the pre-interview with you. and you're not a fan of either of these choices. what worries you? >> well, a great deal does, and a lot of it comes to judgment and you played the clip about john kerry and iraq and i still found myself in iraq, imagine that? and he's, both of them have records, set aside benghazi, set aside some of the recent events with susan rice and judgments on management of conflicts called into question and she was in the national security council back in 1993 when rwanda kicked off and she made a controversial comment about, well, if we call it a genocide a
, the former companisy campaign manager of president obama's re-election campaign. howard kurtz the host of "cnn's reliable sources" lauren ashburn, republican from texas, congressman jeb hensarling with us, randy weingarten, president of the american federation of teachers. all guests this morning. wednesday, december 5th, and "starting point" begins right now. >>> our "starting point" this morning, president obama putting his foot down. he says no tax hikes for the wealthy, no deal. america hits that fiscal cliff in 27 days and that means tax hikes and deep spending cuts if the democrats and the republicans can't come together in some kind of a deal and with just ten days remaining until congress is scheduled to go home for the holidays, the clock ticking. here's what he told bloomberg news. listen. >> we're going to have to see the rates on the top 2% go up and we're not going to be able it to get a deal without it. >> we start this morning with white house correspondent dan lothian, he's in washington, d.c. okay. so who's got the ball in their court at this point then, dan? >> well,
morsi, president obama, and you know, thought that president morsi played a constructive role with the flare-up in the middle east within the past month. he has been reluctant, the united states has sort of a lightfoot print, leading from behind if you will with respect to the way that president morsi has taken on his opposition here. in my view, the united states has a role to be playing standing out, speaking to the protesters, speaking to the opposition. meeting with them behind the scenes which i understand has been very difficult for egyptian opposition parties to get access to our ambassador, senior leaders from the obama administration. bill: if you read the "time" magazine article that has morsi on the cover this week -- >> right. bill: it says morsi is heartened by the show of protests because this means cord -- according to his people that democracy is working. democracy is defined a lot of different ways around the world as we found out the past decade. he said this. egyptians will pass through this. we are learning he said, we are learning how to be free. i don't k
of 2011 when it was john boehner again and obama, they almost got a grand bargain e. talked about raising the medicare eligibility age to 67 over a certain amount of time. making changes to cost of living. statements to soegt social security. right now there is nothing on the table. that was obama's opening bid. the republicans were miffed at him, they knew he wouldn't give them exactly what they'd accept. a few said they were inch superintendented like that. again you don't want to negotiate with yourself, you want to start over here and get in the middle to set up some type of deal. don't expect any deal until christmas at the earliest. >> reporter: let's go back to the tax cuts you're talking about. president obama wants to raise revenue by taxing those making $250,000 or more a year. it rises from 33% and 35% today to 36% and 39.6%, i believe. but that would only generate about 85 billion a year. according to the treasury department, the federal government spends that amount every eight 1/2 days. do you think that the point is purely political for the president since that's what he ca
will talk to neil cavuto about that. and the idea of putting president obama and john boehner on tv together and televising the debt talks. lori: microsoft's efforts is all coming down to the price tag. we will show you some interest rates as we head to break. 164 on the ten year. ♪ [ male announcer ] this is amy. amy likes to invest in the market. she also likes to ride her bike. she knows the potential for mang or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritre. >> i have your fox business brief. manufacturing activity unexpectedly contracted last month falling to its lowest level in three years. it fell to 49.5. larger than expected drop. on the flip side, you as builders boosted their construction spending in october by their largest about sids may. it rose nearly 1.5. morningstar foods unit is being sold for $1.5 billion. the deal will help boost its presence in the
but with president obama's strong support and guidance we have brought the two departments closer together than ever before. we have underwritten joint vad. we began harmonizing our decisions. we committed both department to a common joint integrated health record. the iehr which will be open in architecture and the nonproprietary design. today veterans wait too late to receive the benefits they earn. together we're streamlining the processes, sharing more information between the departments. we supported dod implementation of the president's initiative to redesign the transition assistance program so that it is mandatory seamless, and productive. the new program provides a warm handoff from service-member to veteran status to ensure all who have served are prepared to transition in to civilian life and that they have accessed the va benefits and services they have earned. with the executive order to improve access to -- [inaudible] president obama continues to demonstrate that his commitment to veterans is genuine and runs deep. leon and i are working with side by side to ensure that service-member
what they say i see ae small business tax hike president obama is pushing. the president is skipping town also for a quick stop in northern virginia. there he will meet with a middle-class family to press congress to protect those making less than $250,000 per year for a tax increase by raising rates on those earning more. the white house demanding a tax rate increase. republicans will agree to increase taxes through eliminating deductions. even if they figure out taxes, democrats and republicans still have to resolve significant differences on entitlements. take a listen. >> it is not even the right thing to do first and foremost. visit the trophy that republicans want? is that what they want to do what is right to raise the rates? speak of the american people want us to fight to cut spending. it is a fight we are happy to have. >> a house aide said president obama and house speaker john boehner spoke on3 the phone yesterday afternoon, their first conversation a week and since republicans offered $800 billion in new tax revenue and more than a trillion dollars in spending cuts, repu
talk shows but not at the negotiating table. >> reporter: it's been 16 days since president obama and congressional leaders met to talk about how to avoid the fiscal cliff. the automatic spending cuts and tack increases that begin to kick in if there's no agreement by january 1st. 16 days to get here. >> i think we're far apart still, but i think we're moving closer together. >> i would say we're nowhere, period. we're nowhere. >> reporter: thursday treasury secretary timothy geithner proposed president obama's plan which included $1.6 trillion in tax revenue coming largely from an expiration of bush era tax cuts for families who make more than $250,000 a year. geithner says that's a must. >> there's not going to be an agreement without rates going up. >> reporter: the administration's plan also included $50 billion in new stimulus spending. boehner says the entire proposal represented three weeks of wasted time. >> i was just flabbergasted. i looked at him and said you can't be serious. >> reporter: the house speaker says republicans have put increased revenues, including efforts
a letter urging speaker boehner to take the last hexit before the cliff. neither president obama nor democrats in congress have ever been ambiguous about our proposal to provide economic security for 98% of american families and 97% of small businesses while asking the wealthiest 2% to contribute just a little more to stop this runaway debt. and now that even a dyed in the wool conservative like senator coburn of oklahoma has endorsed the democratic approach, here's what he said, "i know we have to raise revenue. i would rather see the rates go up," he said. he's been heavily involved in everything that's happened in the last several years in washington dealing with debt. when he joins in, that's really significant. it is apparent how this will end. the only question is, when will it end? it's how long will speaker boehner make middle-class families wait for relief and how long will he force the financial markets to wait for u un-- wait for certainty? the longer he delays, the greater i think ris the risk to. so i urge him, don't listen to me, listen to your own caucus. listen to pru
prepared the nerve gas sarin and loaded it. martha: i'm martha maccallum. president obama is warning assad that the whole world is watching his actions very closely, and if he were to use chemical weapons on his own people, it would clearly have large consequences for him. bill: secretary of state hillary clinton called an emergency meeting with the pentagon. >> the pentagon has contingency plans for everything including the chemical attack. it's believed according to a u.s. source that syria has put this sarin fast into cannisters that could be dropped from planes. these cannisters are designed to fracture so the devastating nerve gas could escape. but it's not known whether syria intends to use those chemical weapons. we think we have it in aerosol form. the u.s. is making contingency plans in case bashar al-asaad leaves the country suddenly and flees somewhere for asylum which would leave a vacuum there. several countries in that region are trying to find a place for assad to go. secretary of state hillary clinton has a just-added meeting today in dublin, ireland. here you see her earli
employment data after president barack obama was re-elected. the unemployment rate last month fell to 7.7% from 7.9% in october. the jobless rate has now been below 8% for three straight months. u.s. employers added 146,000 jobs in the nonfarm sector such as retail trade, professional, and business services and health care. that's more than economists had forecast. u.s. employers added 138,000 jobs in october. the officials of the labor department say hurricane sandy, which shook the country's east coast in late october, did not substantively impact the national unemployment estimates for november. >>> a legal battle between two smartphone giants, apple of the united states and samsung of south korea, rages on. the california federal district court has reopened the case over smartphone and other patents. the court has resumed a hearing before handing down its final ruling. back in august, a jury ordered samsung to pay more than $1 billion to damages in apple. now samsung is seeking to overturn that verdict. in thur's session the judge urged the two sides to reach a settlement on a globa
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